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1 When Rationality Fails

© 2019 University of Chicago Press

© 2019 University of Chicago Press

Chapters in this book

  1. Frontmatter i
  2. CONTENTS vii
  3. Acknowledgments ix
  4. Introduction: The Limits of Rationality 1
  5. PART ONE The Theory of Rational Choice
  6. 1 When Rationality Fails 19
  7. Comment: What Might Rationality Fail to Do? 51
  8. 2 Rational Choice and the Framing of Decisions 60
  9. 3 Choice Under Uncertainty: Problems Solved and Unsolved 90
  10. Comment: Should a Rational Agent Maximize Expected Utility? 132
  11. 4 Rational Choice in Experimental Markets 146
  12. Comment: Individual Decision Making versus Market-Level Predictions: The Applicability of Rational Choice Theory 175
  13. PART TWO Preference Formation and the Role of Norms
  14. 5 De Gustibus Non Est Disputandum 191
  15. Comment: De Gustibus Non Est Explanandum 217
  16. 6 Cooperation and Rationality: Notes on the Collective Action Problem and Its Solutions 222
  17. Comment: On the Inadequacy of Game Theory for the Solution of Real-World Collective Action Problems 240
  18. 7 Norm-Generating Structures 250
  19. Comment: An Alternative Approach to the Generation and Maintenance of Norms 273
  20. PARTTHREE Institutions
  21. 8 Reason and Rationality 285
  22. Comment: Stinchcombe's "Reason and Rationality" 317
  23. 9 Managerial Dilemmas: Political Leadership in Hierarchies 324
  24. Comment: Applying Rational Choice Theory: The Role of Leadership in Team Production 349
  25. 10 The Social Evolution of Cooperation 358
  26. Comment: On Russell Hardin's "The Social Evolution of Cooperation" 378
  27. 11 Institutions and Their Consequences for Economic Performance 383
  28. 12 A Logic of Institutional Change 402
  29. List of Contributors 419
  30. Index 421
The Limits of Rationality
This chapter is in the book The Limits of Rationality
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